A bill for an act
 relating to capital investment; appropriating money for the Minnesota Latino
Museum; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin ST. PAUL; MINNESOTA LATINO MUSEUM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of St. Paul to acquire property for, and to predesign, design, construct, furnish, and equip
the Minnesota Latino Museum at 85 West Water Street on Harriet Island. The city may
enter into a lease or management agreement for operation of the museum, subject to
Minnesota Statutes, section 16A.695.
 new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $10,000,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
 new text end